Beam me to Planet Gore !
No surprise here. Thats how utopian fascism works, one need look no further than the history of Europe in the first half of the 20th Century.
Barack Obama, the Quintessential Fascist:
http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html
From Obama’s perspective the Solyndra subsidy was a success - his rich pals got richer and they will kick back a few million extra to his reelection campaign in various illegal ways.
GACK!!
Let's rewind that, shall we?
Fourteen months ago, the president was using his soporific voice with the odd clipped cadences, awkwardly placed and inappropriate inflections punctuated by strange whistling noises that no-one in the US has previously heard to prattle on about...
Excellent article. The problem is that market dislocations caused bygovernment involvement in business ventures has absolutely no meaning to people like Obama.
From a May, 2010 report, “Just building Solyndra’s factory and offices created 3000 union construction jobs and paid more than $ 90 million in wages”. And construction wasn’t even finished yet. Think of the 2012 election campaign money this crap will bring in from unions.
http://www.ibabuzz.com/politics/2010/05/26/about-the-worker-kerfuffle-at-solyndra/
Based upon Sarah Palin’s recent speech (which amazed even the NYTimes) she ought to jump all over this as “exhibit A” of crony Capitalism.
In 2010, the median household income was $52,026, meaning half of households earned less, half earned more.
With the loss of both $535 million and 1,100, we have a real-world metric for the cost of one green job: it costs about the same as the entire annual income of 20 median households.
The left loves to scold the rest of us about “sustainability”, yet none of their economic schemes are ever sustainable. Maybe because you can only spin a balance sheet so much, and when really run out of cash, the spin and hype are no longer sustainable.
In this simple example, we can see not only the folly, but the danger in the left’s claim that green jobs will lead us to prosperity. No, with deals like Solyndra, we are headed to penury faster than you can say high speed rail.
Bump